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Gap sales continue to slump in December

2016-01-08 00:07:55| Apparel - Topix.net

The San Francisco-based retailer, which operates stores under its own brand as well as Banana Republic and Old Navy, said Thursday that a key sales measure fell 5 percent for the five-week period ended Jan. 2. By division, a key revenue measure at Gap fell 2 percent, while Banana Republic posted a 9 percent drop. Old Navy, until recently a bright spot, saw sales fall 7 percent.

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Russian car sales continue to collapse

2015-12-11 01:20:48| Auto Dealers - Topix.net

The Russian auto market is in a continuous downward spiral, with sales falling 42.7 percent last month from a year earlier, after a 38,5 percent decrease in October. From the start of the year, the automotive market in Russia is on a fast descending slope and there is no hope for better prospect so far.

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